The latest report by IMARC Group, titled “North America Aluminium Cans Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, finds that the North America aluminium cans market reached a value of US$ 15.3 Billion in 2021. Aluminium cans refer to single-use containers used across the food and beverages industry as a preferred packaging solution. They are extensively utilized for packing products like oils, chemicals, and other liquids. These cans are economical, durable, lightweight, recyclable, easy to handle, and help preserve the quality and flavor of the contents inside. They are also resistant to corrosion, do not rust, and can handle pressure without rupturing. Aluminium cans also play a crucial role in product branding and differentiation. Consequently, these cans are widely used in the food and beverage (F&B) and pharmaceutical industries across the North American region.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
North America Aluminium Cans Market Trends:
One of the primary factors driving the market is the widespread adoption of aluminium cans for the packaging of ready-to-eat (RTE) and canned food products like energy drinks, aerated drinks, and fruit juices. Aluminium cans provide 100% protection against light, moisture, oxygen, and other contaminants, thus providing a longer shelf life to the food products contained inside. Besides this, these cans are widely used for packaging pain-relieving sprays and several over-the-counter (OTC) products. Furthermore, the rising environmental consciousness has encouraged consumers to use aluminium cans as they can be recycled endlessly without loss of quality or strength. Moreover, various government initiatives to limit the usage of plastic, and rising concerns about the non-recyclability of plastics and the harm it causes to marine life, are also escalating the demand for aluminium cans across the region. Looking forward, the IMARC Group expects the market value to reach US$ 18.7 Billion by 2027, exhibiting a CAGR of 3.8% during the forecast period (2022-2027).
- Based on the application, the market has been segmented into beverages, food, and others. Currently, food represents the largest application segment, accounting for the majority of the overall market share.
- Country-wise, the market has been classified into the United States, and Canada. At present, the United States holds a clear dominance in the market.
- The competitive landscape of the market has also been analyzed, along with the profiles of the key players operating in the industry.
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